Kate Harden-England

🏖️ Forge Holiday Group, owner of Sykes Cottages and Forest Holidays, plans to invest £150 million over the next three years in UK property portfolio, technology, and customer and owner services. Developing over 50 cabins in Glentress Forest and expanding at Strathyre Forest, the group's revenue for the year ending September 30, 2023, grew 22% with a 3% increase in like-for-like sales. Despite a "broadly flat" profit of £60.7 million due to inflation, net property portfolio grew by 6% to 32,921, serving over 3 million customers. £8.5 million was invested in technology infrastructure.

🏕 TourReview's analysis highlights an emerging trend of American and Asian tourists flying long-haul, necessitating tour and activity operators to adapt by offering early bird discounts and clear booking communications. Amigo Tours notes a decline in American tourists visiting Mexico and a diversification to European cities like London and Asian destinations. Best of Switzerland Tours reports a 5% growth, attributing it to fewer US tourists and more from Asia. Juana Muro of TourReview underscores the importance of catering to American families seeking cultural experiences and Asian travelers influenced by relaxed visa requirements, favoring experiences over shopping. Operators are advised to plan for the dynamic shift in the industry due to the resurgence of long-haul travel.